Renesas Electronics Announces Consolidated Financial Forecasts and
Forecasts of Cash Dividends for the Fiscal Year Ending March 31, 2014

February 06, 2014 01:00 AM Eastern Standard Time

TOKYO--(BUSINESS WIRE)--Renesas Electronics Corporation (TSE: 6723), a premier supplier of
advanced semiconductor solutions, today announced the consolidated
full-year financial forecasts and forecasts of cash dividends for the
fiscal year ending March 31, 2014.

1.Consolidated forecasts for the fiscal year ending March 31,
2014

(April 1, 2013 to December 31, 2013)

In millions of yen

Net Sales

OperatingIncome(loss)

OrdinaryIncome(Loss)

Net Income(Loss)

Net Income(Loss) perShare

Original forecasts

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Forecasts as of February 6, 2014

822,500

54,700

44,200

(21,800)

(20.88)

Increase (decrease)

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Percent change

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Reference:

Results for the year

ended March 31, 2013

785,764

(23,217)

(26,862)

(167,581)

(401.76)

The forecasts for the fiscal year ending March 31, 2014 are sum of the
results of the nine months ended December 31, 2013 and the forecasts for
the three months ending March 31, 2014. The consolidated forecasts for
the fiscal year ending March 31, 2014 are calculated at the rate of 99
yen per USD and 132 yen per Euro.

2.Forecasts for cash dividends for the fiscal year
ending March 31, 2014

Dividends per share

At the endof firstquarter

At the endof secondquarter

At the endof thirdquarter

At the endof year

Total

Previous forecasts

－

－

－

－

－

Forecasts as of

February 6, 2014

－

0.00

0.00

Results for the three months ended December 31, 2013

－

0.00

Results for the year

ended March 31, 2013

－

0.00

－

0.00

0.00

For the forecasts of cash dividends for the fiscal year ending March 31,
2014, the Group expects to record a consolidated net loss in the fiscal
year ending March 31, 2014, and expects that the Group will not be able
to recover from its cumulative loss due to its heavy cumulative loss in
the previous fiscal year ended March 31, 2013. Therefore the Group
intends to forgo year-end dividend payments but will work toward
improved results that will allow dividends to be reinstated at the
earliest possible date.

Refer to Renesas Electronics’ press release “Renesas Electronics Reports
Financial Results for the Third Quarter Ended December 31, 2013” issued
on February 6, 2014 for more details.

Forward-Looking Statements

The statements in this press release with respect to the plans,
strategies and financial outlook of Renesas Electronics and its
consolidated subsidiaries (collectively “we”) are forward-looking
statements involving risks and uncertainties. We caution you in advance
that actual results may differ materially from such forward-looking
statements due to several important factors including, but not limited
to, general economic conditions in our markets, which are primarily
Japan, North America, Asia, and Europe; demand for, and competitive
pricing pressure on, products and services in the marketplace; ability
to continue to win acceptance of products and services in these highly
competitive markets; and fluctuations in currency exchange rates,
particularly between the yen and the U.S. dollar. Among other factors,
downturn of the world economy; deteriorating financial conditions in
world markets, or deterioration in domestic and overseas stock markets,
may cause actual results to differ from the projected results forecast.

About Renesas Electronics Corporation

Renesas Electronics Corporation (TSE: 6723), the world’s number one
supplier of microcontrollers, is a premiere supplier of advanced
semiconductor solutions including microcontrollers, SoC solutions and a
broad-range of analog and power devices. Business operations began as
Renesas Electronics in April 2010 through the integration of NEC
Electronics Corporation (TSE:6723) and Renesas Technology Corp., with
operations spanning research, development, design and manufacturing for
a wide range of applications. Headquartered in Japan, Renesas
Electronics has subsidiaries in 20 countries worldwide. More information
can be found at www.renesas.com.